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Instruction Dilapidations - break clause advice
Property Industrial Warehouse, Brentford, Hounslow
Result Building inspected and claim concluded within two weeks. Settlement £300,000
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Our client, Brixton plc, leased a 12,000sq ft warehouse to a large software company. The tenant exercised a break clause in their lease and Brixton plc instructed Malcolm Hollis to prepare and serve schedules of dilapidations and
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to settle the claim prior to the break date.
This should have given a 10 month time-frame, however, the tenant notified us that they needed to surrender the lease and settle any claim before their year end - which was only two weeks away, presenting us with an extraordinarily tight timescale.
Within these two weeks we undertook our inspection and negotiated a settlement with the tenant’s surveyor. The settlement was agreed at £300,000 which was in conjunction with an overall surrender of £646,220.
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